Articles by mlmdetective

One of the larger channels still promoting ICO lending Ponzi schemes on YouTube is “Team US Crypto Baller”.Starting out with BitConnect, as many did, since the Ponzi scheme’s collapse the Team US Crypto Baller channel has been used to promote numerous ICO lending Ponzis, most of which have since collapsed.It was recently revealed that the owner of the Team US Crypto Baller channel is Francesco Dilullo.Prior to getting into Ponzi promotion on YouTube, Dilullo was the CEO of Holey Donuts.Dilullo touted his experience as a professional donut chef. He even grew up in the back of his father’s donut shop and…

According to recent court filings, Monat Global are blaming critics for 1000 order cancellations over the past two months.Purported issues with Monat Global’s products typically stem from reported hair loss and rashes.Monat Global don’t outright deny the claims, but are instead suing critics it claims are “engaged in a smear campaign designed to promote other products”.Speaking on behalf of Monat Global and coming across as very much anti-consumer, Gene Grabowski stated;Everyone is entitled to their opinion. By the way, there is not a constitutional right to complain about a company.A company has a right to respond any way it wants to.As…

After receiving a securities fraud cease and desist last Sunday, Genesis Mining has finally issued a public response.Being the responsible company that they are, Genesis Mining have announced they’ll register their securities offering with the SEC and operate legally in the US.…Nah, this is crypto baby.Genesis Mining’s response to the South Carolina cease and desist is to comply by ceasing to offer unregistered securities to residents of South Carolina.Outside of South Carolina Genesis Mining has committed to continue to illegally offer unregistered securities across the US.Rather than address the issue by registering Genesis Mining with the SEC, CEO Marco Streng has…

TradeNetCoin provide no information on their website about who owns or runs the business.The TradeNetCoin website domain (“tradenetcoin.io”) was privately registered on December 22nd, 2017.As always, if an MLM company is not openly upfront about who is running or owns it, think long and hard about joining and/or handing over any money.TradeNetCoin ProductsTradeNetCoin has no retailable products or services, with affiliates only able to market TradeNetCoin affiliate membership itself.The TradeNetCoin Compensation PlanTradeNetCoin affiliates acquire pre-generated TNC points from the company’s anonymous owners.TNC points are sold to TradeNetCoin affiliates for 65 cents to $1.50 each.Once acquired, TNC points are “lent” back to…

Cashbery launched about a year ago and name Artur Vardanyan (Артур Варданян) as Chairman of the Board.According to Vardanyan’s corporate bio;in the past (he) held position of the head of the credit department and the deputy chief of the economic security service in one of the largest Russian banks.Multiple incorporation documents are provided on the Cashbery websites, mostly in Russian.There is the token UK incorporation for “Cashbery Limited” though.Vardanyan (right) is listed as Cashbery Limited’s sole Director, however he’s cited as a UK resident.The address provided for Cashbery Limited and Vardanyan is a random serviced office address in London.So if that’s any indication,…

Back in February Russian authorities arrested Pavel Krymov at the behest of Kazakh authorities.Krymov is believed to be behind the Questra World, Atlantic Global Asset Management, QW Lianora Swiss Consulting and Five Winds Ponzi schemes.Following a hearing earlier this week, it has been confirmed Krymov will be extradited to Kazakhstan.Krymov (right) is believed to be wanted on several fraud charges in Kazakhstan, with details of the investigation revealing Krymov’s investigation began mid 2017.Over 15 years of criminal activity, the fraudster has created more than 40 scams, which led to massive investigations around the world.In the summer of 2017, several criminal cases were…

Frank Edward Calabro Jr., one of the USI-Tech Ponzi scheme’s top investors, is the subject of an ongoing investigation by North Carolina authorities.In conjunction with a securities fraud cease and desist issued on March 8th, authorities raided Calabro Jr.’s Guilford County home on March 9th.According to a March 8th search warrant provided by the Facebook page “Scam Page.”, authorities searched Calabro Jr.’s property at 9:45am and seized various items of interest.An attached “application for search warrant form” confirms the warrant was issued in connection with the North Carolina Securities Division fraud case.The application also reveals the Securities Division began investigating Calabro…

CryptoBuzz Corporation provide no information on their website about who owns or runs the business.The CryptoBuzz Corporation website domain (“cryptobuzz.win”) was privately registered on January 25th, 2018.CryptoBuzz Corporation provide an incorporation number on their website, which corresponds with “Investellect LTD”.Investellect LTD was incorporated in the UK on March 10th, 2017.Further research reveals Investellect was a Ponzi scheme that advertised daily 1% to 1.4% returns.The Investellect website domain (“investellect.net”) has been suspended due to bogus domain registration details.By all appearances, CryptoBuzz Corporation is a reboot of the Investellect scam.As always, if an MLM company is not openly upfront about who is running…

Cooperative Crowdfunding provide no information on their website about who owns or runs the company.Blog posts on the Cooperative Crowdfunding website are authored by “David T. Rosen”.Further research reveals Cooperative Crowdfunding affiliates naming Rosen as founder of the company.Rosen (right) is also listed as the owner of the Cooperative Crowdfunding website domain, through an address in Ontario, Canada.Rosen first popped up on BehindMLM’s radar in 2015, as founder of PIE 24/7.PIE 24/7 was basically a “pay a monthly fee and recruit other affiliates who do the same” scheme.By early 2016 it appears PIE 24/7 collapsed, with one affiliate claiming they hadn’t…

Following on from a USFIA victim claims process submission announced in late January, the submitted process received have received court-approval.As per a March 7th order, the Receiver isauthorized to proceed with Phase One of the claims process as reflected in the Motion and report back to the Court with his findings and a proposal for Phase Two of the claims process.Phase One of the claims process is making USFIA victims aware of the process and collecting filed claims.A claims bar date has been set for June 29th, 2018, after which Phase Two of the claims process will commence.This will see the…